Overall Technical outlook

Price Summary

With a -2.87% fall, Chennai Petroleum Corporation Limited enjoyed a awful day in the stock market.
Chennai Petroleum Corporation Limited's stock began trading at 684.0 on 2025-06-12, soared to 686.45, dipped to 661.2, and finished the day -2.87% down at 664.4, with 1158410 shares exchanged.
During the 52-week span, the stock hit a high of 1220.0 and a low of 451.6.

Technicals

Support and Resistance: The price for CHENNPETRO at 664.4 finds support at 625.8 and resistance at 684.05. This suggests a trading range, where 625.8 serves as a support level and 684.05 acts as a resistance point, potentially capping further gains.
CHENNPETRO supportResistance 1313c3
Support/Resistance for CHENNPETRO


Aroon: The AROON is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments.
CHENNPETRO aroon 1313c3
Aroon chart for Chennai Petroleum Corporation Limited


Bol. Bands: The BOLL BANDS is showing a neutral stance, not indicating a clear upward or downward trend for Chennai Petroleum Corporation Limited. This suggests a period of market balance, where neither side is showing dominance.
CHENNPETRO bbands 1313c3
Bolinger Bands chart for Chennai Petroleum Corporation Limited


Parabolic SAR: The PSAR remains bearish for Chennai Petroleum Corporation Limited, establishing a crucial resistance level that could hinder any bullish attempts. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult for prices to rise.
CHENNPETRO psar 1313c3
Parabolic Stop and Reverse chart for Chennai Petroleum Corporation Limited


Stochastic: The STOCHASTIC is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for CHENNPETRO, with no strong trend emerging.
CHENNPETRO stoch 1313c3
Stochastic chart for Chennai Petroleum Corporation Limited


Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages points to a bearish trend, but the wavering slopes of the 20 and 50 SMAs indicate that this momentum is weakening. This could be an early sign that the market is preparing for a bullish reversal, as the current downward trend begins to lose steam. Investors may soon see a shift towards more positive price action as the trend starts to change.
CHENNPETRO trippleSMA 1313c3
Tripple SMA chart for Chennai Petroleum Corporation Limited


When evaluating a company's technical data, such as stock price charts or volume, it is essential to first consider its fundamentals. These fundamentals include financial stability, growth potential, and competitive advantages. Additionally, understanding the broader industry in which the company operates offers context that helps to make sense of technical patterns. By examining both the company's internal strengths and external environment, one can make more accurate and meaningful conclusions about its stock performance.